04/10/23 Kamlesh Ghag

Good Morning to you all

04/10/23 Kamlesh Ghag

DATA = Raw facts

INFORMATION = Collection of facts

Definitions

04/10/23 Kamlesh Ghag

DATA INFORMATIONOrganized

Assignment

04/10/23 Kamlesh Ghag

DATA INFORMATIONExchange

KNOWLEDGE

VALUABLE

Relations

Adding Value

04/10/23 Kamlesh Ghag

DATA

• Is a gathered body of facts

• Origin Latin word – Datum

• In computing data is information that has been translated into a form that is more convenient to move on process

04/10/23 Kamlesh Ghag

Characteristics of Data

• Accurate• Complete• Economical• Flexible• Reliable

• Relevant• Simple• Timely• Verifiable• Accessible• Secure

04/10/23 Kamlesh Ghag

INFORMATION

• Defined as the characteristics of the o/p of the process

• Is produced by all processes and it is the value of characteristics in the process’ output that are information.

04/10/23 Kamlesh Ghag

PROCESS

• A set of logically related tasks performed to achieve a defined goals

• Is a instance of a program (running in a computer)

Procedure

A series of actions done in a certain way.

04/10/23 Kamlesh Ghag

04/10/23 Kamlesh Ghag

KNOWLEDGE

• An awareness and understanding of a set of information and ways that information can be made useful to support a specific task or reach a decision.

04/10/23 Kamlesh Ghag

VALUE OF INFORMATION

• Measured in the time required to make a decision and to increase profits

• Directly linked how it helps decision makers achieve their organization goals.

• Helps decision makers / managers decide whether to invest in additional IS and technology.

04/10/23 Kamlesh Ghag

Value of Information

Additional Profits Cost of Information-

04/10/23 Kamlesh Ghag

SYSTEM

• Is set of elements / components which interacts to accomplish goals

• Have inputs, process, outputs and feedbacks ( system components)

• A group of interdependent items that interacts regularly to perform a task

• An established or organized procedure or method

• A computer system refers to h/w & s/w components that run a computer or computers

04/10/23 Kamlesh Ghag

SYSTEM ELEMENTS

• Inputs

• Processing Mechanism

• Outputs

• Feedbacks / Goals

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Inputs of System needs

• Time

• Energy

• Skills

• Knowledge

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TIME and ENERGY OPERATION

SKILLS & KNOWLEDGE

VALUE ADDITION

04/10/23 Kamlesh Ghag

Inputs….

• Gathering and capturing raw data

• Can be seen in many forms

• Accurate inputs are critical to achieve the desired output

04/10/23 Kamlesh Ghag

Processing

• Transforming / Converting / Changing the data into desired outputs

04/10/23 Kamlesh Ghag

Outputs

• Outcome of the inputs which are processed during the process

04/10/23 Kamlesh Ghag

Feedback

• To make the changes / rectify / re-process the inputs or processing mechanism.

• It is critical activity.

• It is important tool for managers and decision makers to make the conclusion.

04/10/23 Kamlesh Ghag

Why IS

Investigation

Analysis

Design

Implementation

Maintenance & Review

Problem

Solutions

Select / Plan

Placement

Evaluation

04/10/23 Kamlesh Ghag

INFORMATION SYSTEM

• IS – set of interrelated components

• IS – provides a feedback mechanism to meet an objective

• E.g. of IS are

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Importance of IS

For personal

growth

OrganizationReaches

Their goals

High qualityOf life

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Successful IS

System Users Business Managers IS Professionals

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Conclusion….IS

• Plays a fundamental and ever expanding role in all BO

• Used in all functional areas of business• Also plays a vital role in every industries• Have a major impact on corporate strategy and

Organizational success• Provides a role of better safety and service,

efficiency and effectiveness with low expenses and improved decision making in the businesses